There are MLPs that are structured as partnerships, but have chosen to be taxed as corporations. This class will be covered in an upcoming issue. The main advantage for investors is that this structure somewhat simplifies tax reporting, while offering the attractive yields of an MLP.
Mutual funds are another way to play the MLP space in a way that simplifies tax reporting. But because these mutual funds must pay corporate income tax on their earnings, most of the tax advantage of directly investing in MLPs is lost. Many of the funds use leverage to help overcome some of this disadvantage, but this can be a risky strategy and one that adds to costs.Nevertheless, at times the MLP-focused mutual funds may be attractive. Consider a closed-end fund (CEF). These funds trade on an exchange just like a stock or MLP unit, which means that the underlying value of the securities held by the fund can become disconnected from the price of the fund share. Some days the market capitalization of the fund is valued at more than the underlying securities (i.e., it trades at a premium) and other times the fund is valued at less than the securities it holds (i.e., it trades at a discount).
Top 5 Energy Stocks To Own For 2015: Sunesis Pharmaceuticals Inc.(SNSS)
Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. The company?s principal product includes Vosaroxin, an anti-cancer quinolone derivative for the treatment of acute myeloid leukemia (AML). It is conducting various clinical trials of Vosaroxin, including Phase II clinical trial, known as VALOR trial in combination with cytarabine for the treatment of patients with relapsed or refractory AML; and a Phase II clinical trial, known as REVEAL-1 in previously untreated patients of age 60 years or older, as well as completed a Phase II single-agent trial of Vosaroxin in patients with platinum-resistant ovarian cancer. In addition, the company is conducting a Phase II/III trial, known as the Less Intensive 1 in patients older than 60 years with AML or high-risk myelodysplastic syndrome. It has a license agreement with Dainippon Sumitomo Pharma Co. , Ltd. for the development and commercialization of Vosaroxin; a collaboration agreement with Millennium for the development of pan-Raf kinase inhibitor and one additional undisclosed kinase inhibitor program in oncology; and a collaboration agreement with Biogen Idec, Inc. to discover, develop, and commercialize small molecule inhibitors of a preclinical kinase inhibitor program in immunology. The company formerly known as, Mosaic Pharmaceuticals, Inc., was founded in 1998 and is headquartered in South San Francisco, California.
Advisors' Opinion:- [By Jake L'Ecuyer]
In trading on Thursday, healthcare shares were relative laggards, down on the day by about 0.64 percent. Top decliners in the sector included Sunesis Pharmaceuticals (NASDAQ: SNSS), off 5.6 percent, and NewLink Genetics (NASDAQ: NLNK), down 6.3 percent.
- [By Selena Maranjian]
The biggest new holdings are Virgin Media�and Constellation Brands. Other new holdings of interest include Sunesis Pharmaceuticals (NASDAQ: SNSS ) , which has many investors hopeful about the phase 3 trials of its leukemia drug vosaroxin, which could be a blockbuster.
Top 10 Shipping Stocks For 2014: THL Credit Inc.(TCRD)
THL Credit, Inc. is a private equity and mezzanine firm specializing in mature, bridge, PIPES, industry consolidation, acquisition, recapitalization, change of control transactions, and growth capital investments in both sponsored and unsponsored middle-market companies. It provides junior debt and equity to both private and public companies. The firm also invests in privately negotiated subordinated debt securities such as warrants. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The firm prefers to invest between $10 million and $50 million in the form of debt in companies that have annual revenues between $25 million and $500 million and with an EBITA of minimum $5 million. It prefers to be a lead or sole investor in a transaction. The firm also seeks board representation in its portfolio companies. THL Credit, Inc. was founded in 2007 and is based in Boston, Massachusetts with additional offices in Houston, Texas and Los Angeles, California.
Advisors' Opinion:- [By Eric Volkman]
THL Credit (NASDAQ: TCRD ) stands to gross nearly $100 million in new financing if a fresh stock offering goes as planned. The company announced it's floating 6.6 million shares of its common stock at $14.62 apiece in an underwritten public offering. Additionally, its underwriters have been granted a 30-day purchase option for up to an additional 990,000 shares.
Top 10 Shipping Stocks For 2014: ACADIA Pharmaceuticals Inc.(ACAD)
ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on drug discovery and clinical development of novel treatments for central nervous system disorders. The company has a portfolio of four product candidates, including pimavanserin, which is in Phase III clinical development as a treatment for Parkinson's disease psychosis. It is also developing AGN-XX/YY, a product candidate in Phase II for chronic pain; and AC-262271, a product candidate in Phase I for glaucoma in collaboration with Allergan, as well as AM-831, a product candidate in IND-track development in collaboration with Meiji Seika Kaisha, Ltd. In addition, ACADIA Pharmaceuticals Inc. is developing two preclinical programs in the area of Parkinson?s disease. The product candidates in the company?s pipeline emanate from discoveries made using its proprietary drug discovery platform. The company was founded in 1993 and is headquartered in San Diego, California.
Advisors' Opinion:- [By George Budwell]
Acadia Pharmaceuticals (NASDAQ: ACAD ) is picking up steam heading into the New Year by closing up over 8% last week. Acadia shares have been on a wild ride, shooting up 457% year to date. Nonetheless, gravity has begun to take its toll on Acadia this quarter, with shares heading lower by more than 6%. Last week's jump helped to stave off the recent slump, but it illustrates the current volatility in Acadia right now.
- [By Eric Volkman]
ACADIA Pharmaceuticals (NASDAQ: ACAD ) will soon be almost $100 million richer, if a fresh stock issue goes as planned. The company is floating 8 million shares of its common stock in an underwritten public flotation, at a price of $12.50 apiece. Additionally, the firm's underwriters have been granted a 30-day purchase option for up to an additional 1.2 million shares to cover overallotments, if any.
- [By Keith Speights]
One and done
No more tests required. That's the word from the Food and Drug Administration to Acadia Pharmaceuticals (NASDAQ: ACAD ) this week. Acadia's shares skyrocketed more than 60% on the news.
Top 10 Shipping Stocks For 2014: King Digital Entertainment PLC (KING)
King Digital Entertainment plc, incorporated on July 3, 2013, is an interactive entertainment company. The Company�� games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga. As of December 31, 2013, an average of 128 million DAUs played its games more than 1.2 billion times per day. The Company makes casual games, which appeal to a wide and growing audience. Users access its games for free anywhere and anytime they wish to, either on their mobile devices, through social networks or via its Website, king.com. The combination of wide game appeal, accessibility, and its multi-platform capabilities enables to attract a broad user base, foster viral growth, and create a compelling, fun and social experience.
The Company operates in developing and monetizing casual online and mobile games. As of December 31, 2013, the Company had a massive network of 324 million monthly users and a track record of long-term retention driven by game longevity and ability to cross-promote new games to its audience. The Company launches new game IPs on its royalgames.com Website, where it receives feedback from its core user base of VIP customers. The Company then identifies the games based on deep performance analytics and its historical experience, and enhance them with additional features and capabilities in its Saga format before releasing them on other distribution channels, such as the Apple App Store, the Google Play Store, the Amazon Appstore and Facebook.
The Company develops and publishes casual games on royalgames.com, its tournament portal, and on mobile and social platforms. Casual games typically include a puzzle element, are easy to learn but hard to master, and can be played with or against others. It builds games across a variety of sub-genres, including switcher (moving pieces to create matches), bubble shooter (building clusters of pieces), clicker (clearing clusters of pieces), card games and several others.
Cand! y Crush Saga
The Company�� popular game, Candy Crush Saga, had 93 million average DAUs and 1,085 million average daily games played across all platforms as of December 31, 2013 . Candy Crush Saga is a switcher game in which players match candies in combinations of three or more to win points and defeat obstacles. Players progress through a colorful candy world with over 500 levels, each offering a different puzzle challenge. Players progress through a colorful candy world with over 500 levels, each offering a different puzzle challenge. The levels get progressively more difficult, with obstacles such as chocolate machines adding further layers of complexity to the game. If players enjoy a specific level, they can return to play it again to see if they can achieve the three star rating. Candy Crush Saga is synchronized across platforms, allowing players to switch seamlessly between devices and platforms and continue their game wherever they left off.
Pet Rescue Saga
Pet Rescue Saga is a clicker game in which players click on groups of similarly colored blocks in order to clear them from the screen. The game offers over 440 levels of play in an animal themed adventure where players have to rescue a range of cute pets from the evil Pet Snatchers. Pet Rescue Saga had 15 million average DAUs and 129 million average daily games played across all platforms in as of December 31, 2013. The aim is to clear enough blocks to guide pets to safety at the bottom of the screen while also achieving the minimum score required. Players also need to think through the consequences of removing any one set of block as this will cause other blocks to move sideways or fall into play. Pet Rescue Saga offers additional challenges in the form of caged pets, stony floors that require a key to unlock and diamonds that can only be removed by landing them on a stony floor. As with the other Saga format games, players can continue through the game without losing lives as long as they complete e! ach level! . Players can also return to specific levels in order to achieve the three star rating. Pet Rescue Saga is synchronized across platforms, allowing players to switch seamlessly between devices and platforms and continue their game wherever they left off.
Farm Heroes Saga
Like Candy Crush Saga, Farm Heroes Saga uses a switcher format, but unlike Candy Crush Saga, it focuses on a collection mechanic. The game is set in a fantasy farmland world with over 380 levels. The game requires players to collect different farm elements, such as carrots, apples, onions and water by matching at least three in a row. To progress, players need to collect sufficient quantities of each element within a limited number of moves. The game requires players to collect different farm elements such as carrots, apples, onions and water by matching at least three in a row. To progress, players need to collect sufficient quantities of each element within a limited number of moves. Once a player has collected enough of each element, the game goes into Hero Mode enabling the player to boost the score through careful use of the remaining moves.
Papa Pear Saga
Papa Pear Saga is a physics-based game with a tropical theme and contains over 290 levels. Papa Pear Saga had five million average DAUs and 37 million average daily games played across all platforms as of December 31, 2013 . The game format features elements of pinball and pachinko. Players have to shoot Papa Pear from a cannon at the top of the screen in order to have him fall into buckets at the bottom of the screen. If players select the right trajectory and power, Papa Pear will hit different elements such as acorns, berries and carrots. This will help clear the screen, making it easier to hit the buckets, and improve the score for the level. If a player uses too much power in the shot or gets the trajectory wrong, Papa Pear will bounce wildly. Different levels also have additional objectives, such as eliminating the right! number o! f acorns or carrots within the allocated number of shots. Once Papa Pear has met the objective, the level ends in a Papa Fiesta, as all remaining Papa Pears dive into play.
Bubble Witch Saga
Bubble Witch Saga is a bubble shooter game in which players need to pick their shots carefully in order to get through a field of bubbles and then clear at least nine spaces at the top of the screen. Over 520 levels of play are offered in this witch-themed game featuring cats, spiders and spirits. Bubble Witch Saga had three million average DAUs and 23 million average daily games played across all platforms as of December 31, 2013, . To make it challenging, each level limits the number of bubbles players can shoot and also sets a minimum score requirement. Points are earned as bubbles fall into cauldrons at the bottom of the screen, bouncing off spiders to increase their value. Through successive accurate shots, players can increase the number of spiders on screen and their score potential. In order to succeed, players not only need to aim accurately but also to plan their shots in advance. As typical in the Saga format, the levels become more difficult as the game progresses. Puzzle challenges include bubbles locked in crystal, bubbles that infect their neighbors with a virus and bubbles of doom that explode upon contact. As with its other games, players can return to specific levels again in order to achieve the three star rating. Bubble Witch Saga is synchronized across platforms, allowing players to switch seamlessly between devices and platforms and continue their game wherever they left off.
The Company competes with Activision Blizzard, Inc.; DeNA Co., Ltd.; Electronic Arts Inc.; Gree International, Inc.; GungHo Online Entertainment America, Inc.; Microsoft Corporation; Nexon Co. Ltd.; NHN Entertainment Corp.; Supercell Oy; Tencent Holdings Limited; Zynga Inc.; Amazon.com, Inc., Apple, Inc., Facebook, Inc., Google Inc., The Walt Disney Company and Yahoo! Inc. Advisors' Opinion:
- [By Evan Niu, CFA and Erin Kennedy]
This week, King (NYSE: KING ) , maker of the smash hit mobile game Candy Crush Saga, went public at $22.50 per share. This was a widely anticipated IPO, yet shares immediately pulled back. Investors have been concerned at how heavily dependent the company is on its one single hit, with its second and third top performers falling way behind the success of Candy Crush, despite all being very similar variations of the same game.
Top 10 Shipping Stocks For 2014: Penn West Petroleum Ltd(PWE)
Penn West Petroleum Ltd. engages in acquiring, exploring, developing, exploiting, and holding interests in petroleum and natural gas properties and related assets in North America. The company produces light and medium crude oil, natural gas liquids, heavy oil, and natural gas. It operates in two major regions, including the Southern District, which covers properties within Manitoba, Saskatchewan, and southern and east central Alberta with developed and undeveloped land base totaling approximately 3.3 million net acres; and the Northern District encompassing northeastern British Columbia, northern Alberta, parts of west central Alberta, and the Northwest Territories with developed and undeveloped land position of approximately 2.9 million net acres. The company was formerly known as Penn West Energy Trust and changed its name to Penn West Petroleum Ltd. in January 2011. Penn West Petroleum Ltd. was founded in 1979 and is headquartered in Calgary, Canada.
Advisors' Opinion:- [By Jayson Derrick]
Penn West (NYSE: PWE) reported details of several accounting irregularities and announced it will review its financial statements going back as far as four and a half years. The company noted that its historical financial documents for the period may not be reliable. As a result, the company may be forced to lower its budget and royalty expense expectations in addition to raising its operating cost for fiscal 2014. Shares lost 14.21 percent, closing at $7.85.
- [By CRWE]
Penn West Exploration (NYSE:PWE) wishes to notify interested parties that Rob Wollmann, Senior Vice President, Exploration will present at the EnerCom Oil & Gas Conference on Tuesday, August 14, 2012 at 1:55pm (MST) in Denver, Colorado.
- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of Penn West Petroleum (NYSE: PWE) were down 10.57 percent to $7.36 after the company issued operational update for the fourth quarter and 2013. - [By Alex Planes]
One thing investors need to watch is Pengrowth's sky-high payout ratio, which, at present levels, is clearly unsustainable. Pengrowth's asset sales will help paper over the shortfall in the near term, but it's not good policy to pay out so much in the middle of a major exploration project. The company has no plans to cut its dividend, in spite of anticipated production declines in the near term, which stands in stark contrast to competitor Penn West (NYSE: PWE ) , which slashed its dividend by nearly half�in a wide-ranging announcement earlier this week. Both Pengrowth and Penn West trade at substantial discounts to book value, but at least Pengrowth's monster dividend gives investors something more substantial while waiting for big exploration projects to bear fruit. However, given the company's multi-year weakness, it will take a strong stomach, and a very firm belief in Pengrowth's prospects, to jump in today.
Top 10 Shipping Stocks For 2014: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
Advisors' Opinion:- [By Lisa Levin]
Credit Suisse Group AG (NYSE: CS) shares reached a new 52-week low of $27.86. Credit Suisse's trailing-twelve-month EPS is $1.13.
PriceSmart (NASDAQ: PSMT) shares touched a new 52-week low of $80.18 after the company reported weaker-than-expected revenue for the third quarter. PriceSmart posted its quarterly earnings of $0.70 per share on revenue of $615 million. However, analysts were expecting earnings of $0.69 per share on revenue of $621.9 million.
- [By Eric Volkman]
The joint book-running managers of the offering are Bank of America (NYSE: BAC ) unit Merrill Lynch, Citigroup (NYSE: C ) , Barclays (NYSE: BCS ) , Credit Suisse (NYSE: CS ) , Leucadia's (NYSE: LUK ) Jefferies, UBS, and JPMorgan Chase (NYSE: JPM ) division J.P. Morgan.
- [By Trefis]
Switzerland signed an agreement late last week that will see about 100 small Swiss banks disclose hidden details about their U.S. operations and pay hefty fines for helping U.S. citizens evade taxes. [1] The agreement also gets an additional 200 Swiss local banks off the hook by giving them a clean record with U.S. authorities. [2] The accord, hence, covers all but the 14 Swiss banks which are currently being investigated by the U.S. Department of Justice (DoJ) – Credit Suisse (CS), Julius Baer and HSBC’s Swiss arm among others. The largest Swiss bank, UBS (UBS), already settled tax evasion charges with the U.S. in 2009 for $780 million.
Top 10 Shipping Stocks For 2014: Ishares Msci Australia Inc (EWA)
iShares MSCI Australia Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Australian market, as measured by the MSCI Australia Index (the Index). The Index seeks to measure the performance of the Australian equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The Index is reviewed quarterly.
The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By Chad Fraser]
Another option is to buy units of an Australian exchange traded fund (ETF) like the iShares MSCI Australia Index Fund (NYSE: EWA), one of the investments we cover in Australian Edge’s How They Rate universe, which keeps over 100 Australian companies and other investments under continuous review.
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